ICBC Chairman Liao Lin Meets with Managing Director of the Monetary Authority of Singapore, Chia Der Jiun

Deep News06-17

On June 16th, Industrial And Commercial Bank Of China Limited Chairman Liao Lin met with the Managing Director of the Monetary Authority of Singapore, Chia Der Jiun.

The two sides engaged in in-depth discussions on topics including supporting economic and trade cooperation between China and Singapore, and promoting the high-quality development of ICBC's operations in Singapore. ICBC Board Secretary and Senior Business Director Tian Fenglin also attended the meeting.

Industrial And Commercial Bank Of China Limited's Singapore branch holds the distinction of being the bank's first operational overseas branch. It possesses a full bank license granted by the Monetary Authority of Singapore, serves as the designated Chinese Yuan clearing bank in Singapore, and is ICBC's largest overseas institution within the ASEAN market.

ICBC plans to leverage its global network to continue utilizing platforms such as its Singapore Yuan clearing operations and the BRBR mechanism. The bank aims to actively support Chinese enterprises investing in Singapore and Singaporean companies expanding into China, further deepen exchanges and cooperation with Singaporean financial peers, and contribute more significantly to the economic, trade, and financial interactions between the two nations.

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